LAPO Microfinance Bank Limited, a leading microfinance institution in Nigeria, announces the culmination of the LAPO Xpress Save & Win Promo Season 2 with a raffle draw, which saw the emergence of the lucky winner of the grand prize of One Million Naira (₦1,000,000) and other consolation prize winners of Fourty Thousand Naira (₦40,000.00) each from the promo.
In a press release issued by the bank, Mr. Oluremi Akande, Director, Marketing & Communications, states, “We have carefully designed the Xpress Savings account, a tier one savings account with basic account opening requirements and a minimum savings deposit of as low as N200. The key objective of the Xpress savings account is to further deepen financial inclusion, achieve poverty alleviation, and invariably support our customers to build sustainable wealth.”
“Furthermore, Akande reiterates that it is advisable to spend what is left after savings rather than save what is left after spending. Interestingly, the Xpress Savings Promo Season 1 attracted participants from across the country, with Mrs. Sherifat Haruna, a resident of Adamawa State, emerging as the star prize winner of the sum of N500, 000, and 100 customers won N20,000 each as a consolation prize.”
Consequently, the LAPO Xpress Savings Promo Season 2 was themed “Double Double,” which reflects the bank’s proactive response to the current socioeconomic realities and its genuine commitment to empowering our customers. The management of LAPO Microfinance Bank decided to increase the prizes upwards from N500,000 as a star prize to 1,000,000 and the consolation prize from N20,000 to N40,000 for 100 lucky winners, respectively.
Today’s raffle draw saw the emergence of Halisu Kabiru from our Zaria 1 branch in Kaduna State as the lucky star prize winner of a whooping sum of 1,000,000 (one million naira) as well as 100 other lucky winners of 40,000.00 each. We are delighted to continue to contribute to the growth of the economy through the provision of easy access to formal and responsive financial products and services, especially savings products, which enable our customers to earn interest, save for future needs, and also be lucky winners of our cash prizes.
LAPO Microfinance Bank remains committed to its over 30-year mandate of empowerment of members of low-income households and owners of micro and small-medium enterprises through the provision of responsive financial products and services delivered most responsibly.
About LAPO Microfinance Bank
LAPO Microfinance Bank, an offshoot of the Lift Above Poverty (LAPO) Organization, originated in the late 1980s as a response to the fallout of the Structural Adjustment Program (SAP).
The organization was incorporated in April 2007 and licensed to operate as a regulated state microfinance bank by the Central Bank of Nigeria (CBN) in 2010. It became a national microfinance bank in 2012.
LAPO Microfinance Bank offers a diverse range of financial products and solutions to assist micro, small, and medium enterprises and members of low-income households. Operating in 34 of Nigeria’s 36 states, including the Federal Capital Territory, Abuja, it boasts an extensive network comprising over 500 branches.